20121204Compliance Filing.pdf

Energy Risk Management Standards IDACORP
Appendix E. Approved Instruments, Markets, and Commodities
Approved Instruments, Markets,
and Commodities
Markets
Electricity, Natural Gas, Coal, and Renewable Energy Credits
All points of delivery within the western United States (US) and Canada commercially
manageable and useful to IPC and/or its customers are approved markets. Additionally, Henry
Hub is commercially useful for managing natural gas fixed prices and basis risk.
Fuel Oil and Diesel
Points of delivery within the US commercially useful for the purpose of managing gasoline fixed
price and basis risk are approved markets.
Instruments
LM • Fixed price physical
• Index price physical
jg5 . Physical transmission/transportation
• Physical storage/exchange
• Fixed-for-float swaps/futures
• Float-for-float swaps/futures
Term
The term is up to and including the prompt 18 months of the forward curve.
Page 26 of 32 Version 3.2 Internal Use Only
The online version of this standard supersedes any printed versions.
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IDAHO POWER COMPANY
COUNSEL CERTIFICATE
I, Brian R. Buckham, in my capacity as Senior Counsel of Idaho Power Company,
an Idaho corporation ("Idaho Power"), do hereby certify on behalf of Idaho Power that at
a regular meeting of the Audit Committee of Idaho Power (the "Committee") held on
November 15, 2012, the Committee adopted the following resolution:
RESOLVED, that Appendices E and F to the Energy Risk
Management Standard, in the forms presented to the Committee at
this meeting, are hereby approved for inclusion in the Energy Risk
Management Standard.
IN WITNESS WHEREOF, the undersigned has executed this certificate on behalf
of Idaho Power as of November 15, 2012.
IDAHO POWER COMPANY
Name: Brian R. Buckham
Title: Senior Counsel